Gadget Maker Foxconn Freezes Overall China Hiring

Foxconn Technology Group, the major assembler of gadgets for Apple Inc. and other electronics companies, has frozen post-holiday hiring as it faces a maturing business and rising costs.

The Taiwanese company, formally known as Hon Hai Precision Industry Co., said Wednesday that it is freezing the overall hiring of assembly-line workers in China because of a high employee return rate after the Lunar New Year holiday there. Spokesman Louis Woo said more than 90% of workers returned to their jobs after the Lunar New Year...